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This past month, China marked a turbulent period in its economic history with the sharp decline of its currency (the renminbi or yuan), its biggest one-day change in 20 years, which sent sharp ripples throughout world economies. CIGI Visiting scholar Alex He lays out the Chinese economic situation, what led to the fall of the yuan and what is in store for one of the world’s largest and most influential economies.
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China’s market plunge has been a long time coming, says Pierre Siklos, senior fellow with CIGI’s Global Economy Program. In his op-ed featured in Canadian newspaper The Globe and Mail, Pierre argues that policy changes, including the devaluation of the yuan, a reduction in interest rates, a relaxation of reserve requirements and support of the stock market have all lent themselves to the downturn of the Chinese economy.
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A new blog from Senior Fellow Kevin Carmichael addresses comments from the Governor of the Reserve Bank of India, predicting the end of export-led growth in the foreseeable future. Governor Raghuram Rajan says India’s leaders need to generate domestic demand. Kevin unpacks international export trends in a weak world economy.
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CIGI proudly announces the appointment of Wil Burns, Céline Bak and Sarah Burch as senior fellows. Wil Burns, expert in climate geoengineering, international climate change litigation and adaptation strategies to address climate change, is researching climate change through the lens of international law. Céline Bak and Sarah Burch will investigate the area of financing sustainable development, with Bak exploring economic reporting of environmental goods for G20 economies, and Burch focusing on multi-level governance of climate change and sustainability challenges.
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